From the market perspective, crypto’s biggest talking point this week was a carry over from last week: top investment firm BlackRock’s decision to apply to the U.S. Securities and Exchange Commission for approval of a Bitcoin spot ETF. 

While the SEC has swatted away such proposals like flies for years, there’s a sense that this one’s different. It helps that BlackRock—the world’s largest asset manager with a whopping $9 trillion in assets under management—has applied for 576 ETFs and has only been rejected once. 

That air of experience and confidence helped propel the price of Bitcoin to a one-year high this weekend.

Footage of BlackRock CEO Larry Fink made the rounds, in which he explains just how much of a PR boost his company’s Bitcoin pivot is. 

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Author: Tim Hakki

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